Lee Enterprises reports second quarter Adjusted EBITDA growth and strong digital growth
Lee Enterprises, Incorporated (LEE)
Last lee enterprises, incorporated earnings: 5/4 06:30 am
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Source: GlobeNewswire
Adjusted EBITDA(1) growth of 5% YOYDigital-only subscription revenue increased 48%(2) with subscriptions up 25%Total Digital Revenue(3) of $71M represented 48% of total revenue DAVENPORT, Iowa, May 02, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and a major platform for advertising in 73 markets, today reported preliminary second quarter fiscal 2024 financial results(4) for the period ended March 24, 2024. “Lee delivered strong second quarter operating results as we improved overall revenue trends, managed operating expenses, and grew Adjusted EBITDA," said Kevin Mowbray, Lee's President and Chief Executive Officer. "We are pleased with our impressive digital subscription revenue growth and expanding digital subscriber base. We now have 745,000 digital subscribers, a 25% increase over the prior year. Digital-only subscription revenue grew 48%(2), and totaled nea
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LEE
News
- Dozens of professors among those arrested in campus protests [CNN]CNN
- Lee Enterprises to Present at Sidoti Virtual Investor ConferenceGlobeNewswire
- Lee Enterprises, Incorporated (NASDAQ:LEE) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MLB umpire ridiculed after brutal strike three call ends game after 3-hour rain delay [FOX News]FOX News
- Lee Enterprises, Incorporated (NYSE: LEE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
LEE
Sec Filings
- 5/10/24 - Form 3
- 5/8/24 - Form 4
- 5/3/24 - Form 10-Q
- LEE's page on the SEC website